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Ian David

(69,059 posts)
Tue Apr 10, 2012, 10:20 AM Apr 2012

Before OMGPOP Sold For $210 Million, CEO Hired Back Everyone He Laid Off & Made Sure They Cashed In

Before OMGPOP Sold For $210 Million, The CEO Hired Back Everyone He Laid Off And Made Sure They Cashed In

A few months ago, OMGPOP was about to go bust.

Its Facebook games weren't performing and prospects were so bleak, CEO Dan Porter was forced to lay off several of the startup's flash developers.

Then OMGPOP launched a mobile game called Draw Something, and everything changed.

<snip>

He was literally negotiating the deal and jamming the re-hires back into payroll to make sure they were covered with hours remaining in the close. Their options kept vesting and they benefitted from the sale.



More:
http://www.businessinsider.com/the-incredible-story-of-how-laid-off-omgpop-workers-got-hired-back-just-in-time-to-cash-in-on-the-big-sale-2012-4?op=1

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Before OMGPOP Sold For $210 Million, CEO Hired Back Everyone He Laid Off & Made Sure They Cashed In (Original Post) Ian David Apr 2012 OP
While I hate facebook games....I like this guy! rbixby Apr 2012 #1
Agreed on all counts. Robb Apr 2012 #3
If only all CEOs... Oilwellian Apr 2012 #2
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